The truth is that Daniel Ek met the major 4/5 labels at the same time and showed... | Hacker News

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		jamesblonde on May 10, 2015 \| parent \| context \| favorite \| on: Spotify as a simple case study in making something... The truth is that Daniel Ek met the major 4/5 labels at the same time and showed them their (at the time pirate) software. They said - yes - if we can own 75-80% of you. The truth is that the major labels own about 80% of Spotify between them - it wasn't the RIAA.

caractacus on May 10, 2015 [–]

No, the record companies own about 20% of Spotify. The rest is VC and founder owned.

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